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Research Paper | Commerce and Economic Studies | India | Volume 13 Issue 2, February 2024 | Popularity: 5.5 / 10

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A Comparative Study on the Cement and Steel Companies in the Indian Context

Rohit Kumar, Dr. Anil Kanwa, Dr. Kusum Malik

Abstract: The steel and cement sectors in India are vital to the nation's economic expansion since they produce a large amount of manufacturing goods, infrastructure, and jobs. This study examines how globalisation has affected Indian steel companies' financial situation and assesses the financial success of a few chosen cement and steel firms. Comparing the two sectors, the study looks at capital structure and financial performance of cement and steel companies like as liquidity, leverage, efficiency, and profitability. The study presents clear trends in leverage, liquidity, and operational efficiency amongst cement and steel enterprises through an extensive examination of financial data and market dynamics. The results of present study show that, in comparison to steel firms, cement companies often have lower leverage, higher returns on equity, and better interest coverage ratios, indicating stronger financial health and performance measures. Cement businesses also exhibit more effective inventory management techniques, which may increase operational efficiency. These insights give stakeholders useful data to help them make wise decisions in steel and cement industries.

Keywords: Financial, Liquidity, Working Capital, Cement Industry, Steel companies, Profitability

Edition: Volume 13 Issue 2, February 2024

Pages: 604 - 609

DOI: https://www.doi.org/10.21275/SR24206121717

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